Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

Account Closed
  • Tax CPA
  • Charlotte, NC
186
Votes |
215
Posts

"Creative" Way around Depreciation Luxury Auto Limit

Account Closed
  • Tax CPA
  • Charlotte, NC
Posted

If one has a preference for trucks or other large vehicles over the IRS weight limit you receive full benefit of depreciation (up to business use).

Currently the code limits business car deprecation to basically a Honda Accord price point. Essentially someone driving a Tesla can only receive the same tax benefit as someone driving an Accord. 

Anyone use this to their advantage?